loan settlement uae04 per share upon conversion by September 2015 Note Two Purchaser of the remaining $65,000 due on September 2015 Note Two. The market values of the shares totaled $128,463 based on market close prices on dates of issuance. The conversions resulted in a $63,463 difference between the cash redemption balance and the value of the shares redemption which was treated as a conversion loss and recorded as an additional non cash interest expense. These conversions fully satisfied the note and no further payments are due. On February 22, 2017, we issued 990,000 common shares at $0. 04 per share upon conversion by December 2015 Lender of the remaining $39,600 due on the December 2015 Note. Read More
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